424 / 488
412
Wiley IFRS: Practical Implementation Guide and Workbook
The allocation of the net assets acquired and the goodwill arising at the acquisition date is as
follows:
Noncurrent
assets
Currentassets
Noncurrentliabilities
Current liabilities
Net assets acquired
Goodwill
Total purchase consideration
Fair value
17
6
(2)
(2)
19
47
Qfi
The acquired stores contributed EUR 30 to Ahold's consolidated net sales and EUR (3) to
Ahold's consolidated net income from October 30 , 2006, to December 31, 2006 . The goodwill is
attributable to Giant-Carlisle.
Konmar
On May 31, 2006, Ahold entered into a purchase agreement with Laurus for the acquisition of
29 Konmar stores. On November 14, Ahold completed the acquisition of 27 stores. Of these 27
stores, 21 stores are operated by Albert Heijn, while six store s were transferred to and are operated
by Schuitema. The remaining two stores are expected to be transferred to Albert Heijn upon the
fulfilment of certain contractual conditions, which is expected in the ftrst half of 2007.
The allocation of the net assets acquired and the goodwill arising at the acquisition date is as
follows:
Noncurrent
assets
Current assets
Noncurrent liabilities
Current liabilities
Net assets acquired
Goodwill
Total purchase consideration
Fair value
9
6
(3)
----.!2
12
--.Ji2.
lQl
The acquired stores contributed EUR 31 to Ahold's consolidated net sales and EUR
(6)
to
Ahold 's consolidated net income from November 14,2006, to December 31, 2006. The goodwill is
attributable to Albert Heijn (EUR 79) and Schuitema (EUR 10).
Others
In 2006 , Ahold completed several other acquisitions that were insigniftcant both individually
and in the aggregate.
All acquisitions have been accounted for by the purchase method of
accounting.
2005 Acquisitions
Julius Meinl
In December 2005, Ahold completed the acquisition of 58 stores in the Czech Republic from
Julius Meinl a.s., for a total purchase consideration of EUR 32 . Goodwill amounted to EUR 20 and
is attributable to Ahold Czech Republic.
2004 Acquisitions
ICA
In November 2004 , Ahold increased its stake in ICA from 50% to 60%, for a net purchase
consideration of EUR 492, by acquiring a 20% stake in ICA and subsequently selling a 10% stake in
ICA to its joint-venture partner Hakon Invest AB ("HIAB") . Goodwill amounting to EUR 10 was
recognized as a result of Ahold's 10% net increase in its stake in ICA .
12.2 ADIDAS GROUP Annual Report 2006
Notes
5. AcquisitionlDisposal of Subsidiaries
The adidas Group assumed full ownership of its subsidiary in India, adidas India Marketing
Private Ltd., New Delhi (India) , by purchasing the remaining 8.6% of shares effective January 17,
2006, for an amount of €2 million.